Fes Launched Tanzania Oil and Gas Almanac

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Dubbed the Tanzania Oil and Gas Almanac, the database will be available in hard copy and on the internet in both Kiswahili and English languages. Speaking at the launch of the portal yesterday, retired Controller and Auditor General (CAG), Mr Ludovick Utouh, was hopeful that the almanac will enhance transparency in the nascent industry.

“The challenge is however to spread the information to people in rural areas who can hardly access the internet,” Mr Utouh noted. The almanac, according to FES Resident Director in Tanzania, Mr Rolf Paasch, will assist the country to promote transparency and accountability in the oil and gas sector.

“It has been created to significantly increase the stock of information available in local contexts among extractive stakeholders including civil society organizations, government, the media and international oil companies,” he explained.

Adding: “Information included in the database has been drawn from publicly available sources. It was created using Media Wiki software, meaning that there will be online database of all updated articles.”

The Chief Editor of the almanac, Mr Abdallah Katunzi, said the portal will provide timely information for the general public, researchers, policy makers and the media, among other stakeholders.

“There are about 16 countries in the world with such a database; lack of information on extractive industry is among challenges the country has been facing,” Mr Katunzi who is a lecturer at the University of Dar es Salaam, noted.

According to Katunzi, study conducted by research organization Twaweza found out that 77 per cent of Tanzanians are not aware of discoveries of natural gas and thus the need for heightened awareness.

“In the study it was found out as well that three out of four Tanzanians had no idea of the existing natural gas policies. The almanac will provide information on all issues to do with the industry,” he explained.

At the same occasion, the Executive Director of Twaweza, Mr Aidan Eyakuze, urged operators of the portal to provide information that can be easily interpreted by users.

“It will play a crucial role for people to obtain information but I urge those operating to ensure they post useful and high quality data,” Mr Eyakuze stressed.

Tanzania has so far discovered more than 55 trillion cubic feet (tcf) of natural gas and exploration is still underway in both offshore and onshore. With the reserve at hand, the country readies itself to join the gas economy.

Solo Oil Ranks Tanzania Assets Highest

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Solo Oil announced Tuesday that its assets in Tanzania represent the most significant investments for the company and revealed that their further development “is being actively pursued”.

The company has a 25 percent stake in the Ruvuma PSA and acquired a 6.5 percent interest in the Kiliwani North Development License in February 2015, with an option to purchase an additional 6.5 percent interest within 30 days of the signature of a gas sales agreement for the produced gas from the KNDL. Solo’s key asset in the Ruvuma PSA is the Ntorya gas-condensate discovery, made in 2012. Ntorya is estimated to contain a gross 158 billion cubic feet of proven gas in place. The Kiliwani North-1 well in the KNDL was drilled by Aminex and its partners in 2008 and discovered gas in a 196 foot column in the Lower Cretaceous. Based on well test results Kiliwani North-1 is expected to be flowed at a rate of up to 30 million cubic feet per day once on-stream.

You can also read: Tpdc has awarded ion contract for Seismic  survey  in Ruvuma Delta Region

Solo Oil posted an operating loss of $564,917 in the first half of 2015, compared to an operating loss of $654,559 recorded during the same period last year. No revenue was registered for the company for the six month period ended June 30, 2015, although Solo Oil expects its assets in Tanzania to contribute to its revenue stream in the future.

 

The changing politics of natural gas in Tanzania

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Lower global oil and gas prices have affected the level of exploration activity in Tanzania, but it has not completely eroded the stronger bargaining position the government has enjoyed in recent years. Major gas finds in various geographical locations combined with a stronger domestic demand means that the petroleum sector in the East African country will continue developing, albeit at a slower pace.

This paper reviews how the Tanzanian politics of oil and gas contract negotiations is changing. By focusing on the broader framework of contracts – including infrastructure, power production, and industrial use – the paper suggests that the focus on revenue maximation that prevails in much literature may skew our understanding of inherently political negotiation processes. Other priorities – and increasingly other actors – affect the price the government can get for its petroleum resources.

The paper by Rasmus Hundsbæk Pedersen, postdoc at DIIS, and Peter Bofin, consultant based in Dar es Salaam, is the second on the negotiation of petroleum contracts in sub-Saharan Africa. The first paper, The Politics of Oil/Gas Contract Negotiations in sub-Saharan Africa, reviewed the general literature on contract negotiations on the continent.

Time is now to invest in oil and gas sector

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imagesThe low price of oil has dashed initial hopes for oil and gas investment in Africa, but governments have the opportunity to turn things around.
The discovery of oil off the coast of Ghana in 2007 – and subsequent hydrocarbon finds in Uganda, Kenya, Tanzania and Mozambique – sparked an exuberant international response, with oil and gas investors initially flocking to what many saw as a new frontier for the industry.
The excitement was understandable as the oil and gas finds in Mozambique had the potential to increase the country’s GDP five-fold by 2040. Ghana’s economy, too, was being transformed. Prices were booming and the ‘Africa Rising’ narrative was taking hold with rising consumption and improved political stability changing investor perceptions.

Eight years on, with oil price halved to below $50 a barrel, the enthusiasm looks a little optimistic.
While there have been significant successes in oil and gas exploration, the overall pace of investment still lags behind.
The cost of infrastructure and evolving local regulation often makes for a more uncertain investment in Africa, compared to markets which have been operating for decades.
Rules requiring the inclusion of local companies and workers in oil and gas supply chains are positive for long-term economic development, but mean more upfront investment in the transfer of knowledge and skills.

Meanwhile, Africa’s ‘above ground’ risks, such as political complexity, insecurity, fiscal instability and regulatory change, are often higher than those found in markets with an established oil and gas sector.
Taxation and regulatory frameworks take time to establish in ‘new’ oil markets, and as such, can potentially be seen as a risk. When oil prices are high, and capital abundant, investors are able to balance these risks with potential returns. However, at lowered prices, investors look for lower-risk markets – another factor stacked against Africa.
Currently, we are seeing evidence of investment flows being pulled back towards North America, as the competition for capital within the oil and sector becomes more acute.

Meanwhile, as investors chase safe returns, Africa’s oil has to compete for dollars with other sectors of the economy, such as the fast growing consumer market and technology sectors. As a result, the oil and gas sector lacks capital at a time when, ironically, investment capital has never been so available.
The current low oil price is an opportunity for Africa to review the relationship between host governments and investors – and for, African governments need to make investment opportunities as conducive as possible.
When prices were at $100 a barrel, some governments ran the risk of being lulled into a false sense of security, assuming they had the upper hand in negotiating inward investment.

Today, however, with lower prices and competitive investment alternatives, we are seeing an increased level of pragmatism on the part of some governments and policy makers. Public sector leaders and influencers are beginning to understand the importance for projects to go ahead, and go ahead as soon as possible.
Experience is everything. Having seen both the peaks and troughs of oil prices, African governments are more likely now to introduce investment-friendly policies, regulations and incentives, which could to boost the growth potential of the oil and gas sector.
Through my various conversations with governments across Africa, I am encouraged by a growing understanding of the need to create a more collaborative and investment-friendly environment.

This is the fourth oil price slump I have witnessed in my career. The timing of the recovery is unclear, but when it does happen, and the dust settles, the winners will be those countries that were able to attract investment despite the downturn. The losers will be those inflexible destinations who stuck to the old rules.
Africa can use this time to secure itself a position among the winners by creating a robust investment environment, avoiding the ‘feast and famine’ scenario that all too often accompanies oil price cycles.

 

 

Kenya could have opportunities for small foreign oil companies

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Kenya could have opportunities for small foreign oil companies

Wildcat explorers have turned to east Africa as one of the last frontiers for oil and gas.
 The Mombasa refinery always runs below capacity

Wildcat explorers have turned to east Africa as one of the last frontiers for oil and gas.

In the region, Tanzania and Mozambique have found large quantities of gas and Uganda has established substantial oil reserves. Kenya is now getting into the act – and exports could flow soon.

Kenya is the youngest among East Africa’s nascent resource prospects, but one of the most promising. Tullow Oil (LON: TLW), with sometimes partner Africa Oil (TSX: AOI), has been the most successful wildcatter so far.

Tullow made its first discovery in Kenya in mid-2012. This came after a long time of disappointing exploration activities. And it became commercially viable after it was confirmed that there were around 300mln barrels worth of reserves.

Tullow-led joint ventures subsequently made a further six discoveries and as of January 2014, Tullow said Kenya’s Northern Basin could have an excess of 1 billion barrels of oil.

Drillers estimate the Rift Valley, which runs through Kenya from north to south, could yield 10bn barrels of oil and explorers are accelerating activities.

A connected Kenya-Uganda pipeline could pipe 500,000 barrels of oil per day (bopd).

Tullow has said Kenya could envisage exporting oil as early as 2016 and ramp up quickly to 100,000 bopd.

Kenya’s oil hunting grounds are parcelled out in more than 50 blocks over three main areas – offshore; along the coast reaching north towards Somalia; and in the north-western Turkana area.

Besides Tullow operators include Anadarko Petroleum (NYSE:APC), BG Group (LON:BG. and Statoil (OSX: STL) . A number of smaller groups are also involved in Kenya. They include Ophir (LON:OPHR), Simba Energy (TSXV:SMB),Bowleven (LON:BLVN) and the delisted Afren.

With all this hydrocarbon activity and its buzzing ports like Mombasa, trading with the Middle East and Far East, Kenya’s consumer-driven economy has become buoyant. GDP growth this year is expected to be 5.7%.

But buoyancy can have its side-effects. In some ways Kenya has become what you might call a bottleneck economy.

The refinery in Mombasa is a case in point. Kenya has one of the largest crude oil refineries in East Africa, a 90,000-barrels-per-day (bbl/d) facility in the country’s second city. This imports and processes Murban heavy crude from Abu Dhabi and other heavy Middle-Eastern crude grades.

Most of the imported and/or domestically refined products are sold in Kenya’s major cities and the remainder is sent to neighbouring countries via trucks.

But the refinery typically operates below capacity and needs investment to realise its full potential. Part of this investment needs to be spent on de-clogging the roads.

The thousands of lorries which snarl the traffic badly effect the efficiency of the refinery. But the situation should be alleviated when the Chinese sponsored railway from Nairobi to Mombasa is completed.

 Another bottleneck is the shortage of power. Kenya is in the middle of a programme to expand from 1,664 MegaWatts (MW) available in 2013 to 5,500 MW by 2017. This is to meet growing electricity demand. These projects do not come cheap. The power expansion plan is costed at US$1.83bn.

Kenya is tapping foreign investors through a hard currency sovereign bond as well as dipping into the pot of aid from multilateral donors like the World Bank and individual countries like the US (the US agreed to give Kenya US$1bn following the visit of President Barack Obama earlier this year.)

Kenya might also take a leaf out of its southern neighbour Tanzania’s book.

Like Kenya, Tanzania is an emerging economy that is actually emerging with economic growth rates that have been running at 7% a year. There is a huge demand for energy. Estimated 2016 demand from existing and new power plants is around 120mln standard cubic feet of gas a day (mmscfd). Gas demand is expected to grow to 475mmscfd by 2018.

Helping to fill this growth in demand are three small UK based oil and gas companies Aminex (LON:AEX), Solo Oil(LON:SOLO) and Wentworth Resources (LON: WRL), which are signing long-term gas sales agreements (GSAs) with the Tanzanian authorities to transport from newly built pipelines to the capital Dar es Salaam.

In the case of the Aminex/Solo grouping the deal is to move 20mmcsfd from its Kiliwani North field south of Dar es Salaam. Wentworth has separate arrangements.

Kenya is different to Tanzania in that it derives most of its energy for power stations from hydro-electric and geothermal plants. Its gas resources are not as developed as Tanzania

But that could to start to change sooner rather than later; and change in a way that could benefit small foreign groups operating in Kenya.

Back in 2010, Afren agreed to buy Canada’s Black Marlin for US$101mln (£69m) in a deal that would have given the West Africa-focused oil explorer a significant foothold in the east of the continent and greatly increase its resource base.

Then listed on the Toronto Venture Exchange, Black Marlin operated in Kenya, Ethiopia, the Seychelles and Madagascar, with 1.2bn barrels of oil equivalent (boe) in net resources. The preponderance of these resources are thought to be in Kenya.

Afren is now in administration and is forced to dispose of former Black Marlin assets (imminently it is thought) in what can only be called a fire sale.

Any deal for the Kenya assets is subject to government approval, but the price would almost certainly be lower thanAfren paid.

A small foreign company with the wherewithal to bring the Black Marlin assets on-stream could then possibly do a deal with the Tanzania operators and help bridge Kenya’s power gap.

This is conjecture at this stage. Nothing is written in stone in these matters. But it is an interesting idea.  

Gulf PetrochemTo Acquire Terminal in Tanzania and Kenya

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Abu dhabi: Sharjah-based Gulf Petrochem will invest about $80 million (Dh290.4 million) in the next one year as part of its expansion plans in Fujairah and East Africa, a top company executive told Gulf News.

“We are planning to spend about $25 to 30 million in acquiring new terminals in East Africa and about $50 million in adding new tankage in Fujairah,” said Thangapandian Srinivasalu, Executive Director of Gulf Petrochem.

The construction work in Fujairah will start next year and the project is expected to be completed by March 2017.

“We are going to add around 260,000 cubes in Fujairah. These tanks will not only cater to trading activity but will also support the refining activity which we are planning. “

On expansion plans in Africa, he said the firm is looking at acquiring terminals in Dar es Salaam in Tanzania and in Mombasa in Kenya.

“The next decade belongs to Africa and there are tremendous business opportunities in East Africa, which is politically stable and secure. There is steady growth of 5 to 7 per cent in Tanzania, Kenya and Uganda.”

Started in 1998 with the commissioning of a refinery in Sharjah’s Hamriya Free Zone, Gulf Petrochem is a conglomerate worth $2.5 billion with business operations in oil trading and bunkering, refining, storage terminals, bitumen manufacturing, lubricants, shipping and logistics.

“We have been growing at a decent pace. Our plans and expectations are to keep up with this pace. In the last one year we have gone full length [in terms of] barrel trading. We have expanded our operations in coal and pet coke.”

According to him, their focus of growth will be the UAE, India and East Africa.

“Today majority of our revenues are coming from this geography and our investments are more here. We are planning to acquire lubricant companies and bitumen plants in India as we seek to expand in the Indian market.”

You can also read :citizens of tanzania support extracting and selling of natural gas internationally

The company is in the process of commissioning Hamriya terminal in Sharjah.

It is a state of the art modern terminal which can handle full range of products, both classified and non classified, Thangapandian said.

On falling oil prices and how it is impacting their business, he said it has been good for the company.

“Except E&P companies everyone will be happy with low crude oil prices including consumers, marketers and traders. Thanks to the surplus of product and contango in the market, the storage tanks are full.”

Speaking about the trade relations between India and the UAE following the visit of Indian Prime Minister Narendra Modi, he said they had been positive.

“[The] UAE wanted a signal from the Indian government that you are more than welcome and we are going to give you the full support. That signal has been given.”

He said the UAE is looking for places where there is safety and an opportunity to grow.

“Today there are very few economies in the world where you can put the money, expect it to be safe and keep growing. India is a positive market and close to the UAE geographically.”

Gulf Petrochem is investing in India as part of its expansion plans. It recently acquired Sah Petroleum Limited, a listed lubricant company and commissioned Pipavav storage terminal in Gujarat. It is planning to acquire lubricant companies and bitumen plants in future.

Citizens of Tanzania Support Extracting and Selling of Natural gas Internationally

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A new poll from across the country shows that citizens oppose using gas as collateral for government borrowing. Released in Dar es salaam recently the study dubbed, ‘How Tanzania should use its natural gas citizens’ views from a nationwide deliberative poll’ shows more citizens support extracting and selling the country’s natural gas internationally to raise revenue, rather than directly financing domestic electricity generation.

It shows that Tanzanians nominally support ‘strict limits’ on spending gas revenue and oppose using gas as collateral for government borrowing. The study, done by Research for Poverty Alleviation (REPOA) and Center for global Development between 2014 and July 2015, also shows that most Tanzanians support both publishing all gas contracts and a role for international oversight of how the government uses gas revenues.

Most respondents also supported the idea of direct distribution of resource revenues to households in principle.But when offered a choice between cash transfers and government programmes, most Tanzanians prefer that gas revenue be spent on government programmes rather than cash transfers, according to the report. REPOA’s Executive Director Prof Chacha Wangwe said some 2,000 people from 20 districts were interviewed, including ordinary and policy makers and the findings highlighted that majority don’t want the government to borrow ahead of time.

“They want transparency. They want monies from oil and gas to largely go to education and health,”he said A stakeholder at the report’s launch, prof Ibrahim Lipumba said that the findings show that the ordinary people have an understanding of what the resource should do for the country, especially where they highlighted an importance for transparency.

New natural resource discoveries, oil and gas provides substantial opportunity to fast-track human development progress, with updated estimates indicating that revenues to be developed could contribute between 9 per cent and 31 per cent of additional government revenues.

The tools and evidence presented are intended to empower the government with newly discovered extractives resources, by helping it to grapple with the complex chain of policy decisions that will be key to transforming new resources into stronger human development outcomes – ranging from public sector spending allocations to leveraging industry spending. Such findings are timely since President Jakaya Kikwete recently took major step towards ensuring fiscal and economic stability by signing legislation that will help ensure revenue from natural gas discoveries bring socioeconomic progress for citizens.

These recent gas discoveries have the potential to bring in as much as 1.4 billion Dollars per year to Tanzania — more than 10 per cent of current government revenues–within the next decade.

The new revenues could help provide basic needs for citizens such as improved primary healthcare and access to quality education. The next step for the government will be to develop detailed regulations and procedures to implement the new laws.

The new administration will face policy decisions on how to manage and allocate resources in a responsible way and in accordance with the laws. Maintaining a focus on human development goals, transparency and ensuring public awareness and debate with key stakeholders and citizens will be crucial.

 
 
 

A new study by the African Development Bank and the Bill & Melinda Gates Foundation shows that despite recent drops in commodity prices, revenues from recently discovered oil, gas, and mineral reserves in countries such as Ghana, Liberia, Mozambique, Sierra Leone, Tanzania, and Uganda could add between 9 per cent and 31 per cent to those governments’ revenues. The report, which was launched in Dar es Salaam in early September.

Provides updated projections on the timing and magnitude of these natural resource revenues and guidance on how to effectively direct them toward strengthening health, education, and other social services. Supporting long-term economic growth. In Ghana, for example an estimated one-third of the country’s combined health and education needs over the next decade could be funded from recent oil discoveries.

In Liberia, Mozambique, and Sierra Leone, revenues from recent natural resource discoveries could meet half of health funding needs. The potential opportunities in Tanzania and Uganda are also significant. In this context, African leaders have a valuable opportunity to work with the private sector and civil society to develop long-term plans that link new natural resource revenues with human development goals.

Such plans should be anchored in realistic expectations about the timing and magnitude of new revenues and avoid borrowing against future earnings–a tactic that could easily backfire due to the volatility of oil and gas prices.

At the same time, African countries need to devote resources to prepare for the global transition from fossil fuels to fight climate change. This process is of particular urgency for Sub-Saharan Africa, a region that combines large reserves of oil and gas with a high risk of suffering from large-scale disruptions in temperature and rainfall. The release of the AfDB- Gates Foundation report and the signing of the new legislation in Tanzania have come at a pivotal moment.

 

In September, global leaders from nearly 200 countries will meet at the United Nations in New York to adopt the UN Sustainable Development Goals (SDGs). A central issue for this 15- year global anti-poverty and development agenda is how African countries will help provide the financing needed to meet the basic needs of their people. New natural resource revenues could be a meaningful source of this funding–if they are effectively and responsibly managed.

History is replete with examples of countries that have squandered their natural resource wealth through mismanagement of revenues, inability to harness privatesector investment, and other grave missteps, including human rights violations and environmental degradation.

But some countries–such as Indonesia (with oil) and Chile and Botswana (with mining)–have successfully applied these revenues to stimulate job creation, economic diversification, and expand social services. When policymakers, donors, technical partners, and private companies work together to develop the necessary policies and support smart planning and rigorous management, entire nations can benefit from expanded opportunity and growth.

Tanzania has achieved a commendable milestone but there is more to be done. Through good management principles, we hope that the new legislation will turn into a legacy of good natural resource management that can be followed by other African countries in the months and years to come.

Misconception of Many Tanzanians On Natural gas Industry

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You Know most of Tanzania citizens believe that, commercial production of  liquefied of natural gas has already started in Tanzania and they think  government  and investors (operators)  gaining revenues from it.

Findings from  Twaweza  organization has  shown that 53 percents of citizens of Tanzania  believe  that , gas is already flowing and government generate money from it. This is absolutely wrong.  And to day   i will  give you some useful information and clear up this misconception.

you may also read:see-why-discovery-of-natural-gas-in Tanzania could not bring too many jobs to Tanzanians as they believe

 

The gas which has been discovered in coast of Tanzania has never yet started to flow , there is  possibility of  2025  for the gas to start to flow. The government will begin to gain revenues after the gas has started  flowing  in  commercial basis in 2025. Currently, SongoSongo gas field, is the only commercial field that produce gas, and this  gas is sold by songas limited which used to provide  portion of  Tanzanias’electricity.

MY FINAL WORDS

Is the time now, to set up a special program that  would  aim at managing  citizen expectation  on natural gas and provide to them  right information regarding  to oil and gas industry,other wise  things would be worse.

Dear readers we would love  to hear  all of these from you

 

Low Oil Price need not Spell end for African Oil Producer

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THE low price of oil has dashed initial high hopes for oil and gas investment in Africa, but governments have the opportunity to turn things around.

The discovery of oil off the coast of Ghana in 2007 — and subsequent hydrocarbon finds in Uganda, Kenya, Tanzania and Mozambique — sparked an exuberant international response, with oil and gas investors and companies initially flocking to what many saw as a new frontier for the industry.

The excitement was understandable. The oil and gas finds in Mozambique had the potential to increase its gross domestic product GDP) fivefold by 2040. Ghana’s economy was also being transformed. Prices were booming and the “Africa Rising” narrative was taking hold across the world, with rising consumption and improved political stability changing investor perceptions.

Eight years on, with the oil price halved to below $50 a barrel, the enthusiasm of those early days looks a little euphoric. While there have been significant successes in oil and gas exploration in Africa, the overall pace of oil and gas investment still lags behind other destinations.

The cost of infrastructure and evolving local regulation often makes for a more uncertain investment in Africa, compared with other markets that have been operating for decades.

Rules requiring the inclusion of local companies and workers in oil and gas supply chains are positive for long-term economic development, but mean more upfront investment in the transfer of knowledge and skills.

Meanwhile, Africa’s above-ground risks, such as political complexity, insecurity, fiscal instability and regulatory changes are often higher than those found in markets with established oil and gas sectors.

Taxation and regulatory frameworks take time to establish in new oil markets and can potentially be seen as a risk by investors. When the oil price is high and capital abundant, investors are able to balance these risks with the potential returns.

However, at lower oil prices, investors look for lower-risk oil and gas markets – another factor counting against Africa.

Currently, we are seeing evidence of investment flows in oil and gas being pulled back towards North America as the competition for capital within the sector becomes more acute.

Meanwhile, as investors chase safe returns, Africa’s oil and gas sector increasingly has to compete for investment dollars with other sectors of the economy, such as the fast growing consumer market or technology sector. As a result, the oil and gas sector lacks capital at a time when, ironically, investment capital has never been so available.

The current low oil price is an opportunity for Africa to review the relationship between host governments and oil and gas investors and for African governments to do all they can to make the investment opportunities as investor-friendly as possible.

When prices were at $100 a barrel, some governments (particularly those new to oil), ran the risk of being lulled into a false sense of empowerment. They assumed they had the upper hand in negotiating inward investment.

Today, however, with lower oil prices and with competitive investment alternatives available in Africa and beyond, we are seeing an increased level of pragmatism on the part of some governments and policy makers. Public sector leaders and influencers are beginning to understand the importance for projects to go ahead, and go ahead as soon as possible.

Experience is everything. Having seen both the peaks and troughs of oil prices, African governments are more likely to introduce investment-friendly policies, regulations and incentives, which could boost the growth potential of the oil and gas sector.

Through my various conversations with governments across Africa, I am encouraged by a growing understanding of the need to create a more collaborative and investment-friendly environment.

This is the fourth oil price slump I have witnessed in my career. The timing of the recovery is unclear, but when it does happen and the dust settles, the winners will be those countries that were able to attract investment dollars despite the downturn. The losers will be inflexible countries that stick to the old rules of the $100 a barrel world.

Africa can use this time to secure itself a position among the winners by creating a robust investment environment and thus avoid the feast and famine scenario that all too often accompanies oil price cycles.

• Tims is MD of Standard Chartered Bank’s oil and gas industry team

Wentworth to Present at the First Energy Global Energy Conference In London

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wentworth-logo Wentworth Resources which is an independent energy company with gas reserves and exploration potential in the Rovuma Basin of southern Tanzania and northern Mozambique has announced that Managing Director, Mr. Geoff Bury, will present a corporate overview at the FirstEnergy Global Energy Conference being held on Monday 21st and Tuesday 22nd  September 2015.   The conference is being held at the Intercontinental London Park Lane, Hamilton Place, London W1J 7QY.

The presentation is available by visiting the Company’s website at www.wentworthresources.com.